CIL’s Rs1 lakh-cr plan to diversify products gets centre’s nod

The government has approved a Rs. 1 lakh crore diversification plan by state-run Coal India Limited (CIL) to set up two aluminium plants in eastern India and an entire solar module manufacturing value chain, including the country’s first polysilicon facility, to compete with China, two people aware of the development said. Polysilicon is a form […]

Coal India prepares Rs 1L cr plan to diversify into aluminium, solar sectors

The government has approved state-run Coal India Ltd (CIL)’s Rs 1-lakh-crore diversification plan to set up two aluminium plants in the eastern region and an entire solar module manufacturing value chain, including India’s first polysilicon facility to compete with China, two people aware of the development said. CIL will set up three specific-purpose vehicles (SPVs) […]

Faster coal mine operationalisation to reduce import: Coal add secretary

The Centre, state governments and coal block allocatees need to come together in a “coordinated and harmonious way” to operationalise the blocks at a faster pace as of the total 98 mines auctioned so far, only 33 are operational, Coal Additional Secretary M Nagaraju said on Thursday. He said that fast operationalisation of coal blocks […]

Australian Prime Minister says China’s coal ban would breach WTO rules

Australia’s Prime Minister said Tuesday that China would be in breach of World Trade Organization rules as well as a bilateral free trade agreement if it banned Australian coal. Prime Minister Scott Morrison was responding to a report in the Chinese state-owned Global Times newspaper that the Chinese National Development and Reform Commission had given […]